tomo logo

$975,000

Beds
4
Baths
3.5
sq ft
3,558

27210 Ridge Rd, Damascus, MD 20872

27210 Ridge Rd

DAMASCUS, MD 20872

  • 44 days on market
Farmette property offering 7.27+/- acres with nice house, pasture, stable, barn with large garage built in, etc... The property is contiguous with Bennett Creek conservation park, approximately 400 acres of parkland!!! House has plenty of room, walkout basement, deck that overlooks the pasture, and much more. The 6 stall stable is great for a large variety of animals. There is currently horses on the pasture. Recent updates include: Roof - fall of 2021 with 50 year shingle. Ashpalt driveway - Fall 2021. Backyard patio: Spring of 2022. Lower level HVAC: Fall of 2022. Upstairs HVAC: Spring of 2023. Woodstove installed in 2022. Garage door recently replaced. Two parcels for sale. Parcel P380 containing 6.7+/- acres and Parcel P437 containing 0.57+/- acres. Very amazing opportunity within the Damascus High School Cluster.

Details

Property type

Single Family Residence

Est. home value

$875,670

Lot size

7.27 acres

Price per sq ft

$275

Year built

1966

Annual property taxes

$9,378

HOA

No

Price History

09/20/2024
Bright

Bright #MDMC2145054

Removed
$975,000
09/07/2024
Bright

Bright #MDMC2145054

Listed
$975,000
08/22/2024
Bright

Bright #MDMC2145054

Listed
$975,000
+21.88%

Schools & Community

Elementary school: 

DAMASCUS

Middle school: 

Unknown

High school: 

DAMASCUS

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$302,351
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$594,649
Cash to seller
$302,351

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Intercoastal Mortgage

Loan start date

June 2021

Original loan amount

$640,000

Est. remaining balance

$594,649

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Lora L Loethen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 1:20 AM

Listing updated: 09/20/2024 at 3:21 AM

Listed by: Charles D Jamison, Charles H. Jamison, LLC Phone #: (301) 428-8200

MLS: Bright #MDMC2145054

Bright logo

Recently listed in DAMASCUS

$425,000|5 bd|3.0 ba|House
$599,990|4 bd|3.5 ba|Townhouse
$495,000|3 bd|3.0 ba|Townhouse
$599,999|4 bd|2.5 ba|House
$350,000|2 bd|1.5 ba|House
$596,610|3 bd|3.0 ba|Townhouse
$510,000|3 bd|2.5 ba|House
$585,990|3 bd|3.5 ba|Townhouse

Explore top cities in Maryland